Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
The Federal Reserve has held interest rates near zero as the economy continues to grow, but not near pre-pandemic levels.
The Fed kept its benchmark interest rate between 0%-0.25%.
“Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year,” the Fed said in its statement.
The rally continues…
FTSE 100 +0.33%
STOXX 50 +1.75%
IBEX 35 +2.07%
CAC 40 +1.24%
Hall of Fame Resort & Entertainment +135.78%: HALL OF FAME RESORTS & ENTERTAINMENT (HOFV) STOCK SOARS AFTER DEAL WITH SPORTS ILLUSTRATED
Altus Midstream Company +122.83%: ALTUS MIDSTREAM STOCK JUMPS OVER 90% AFTER RAISING 2021 FORECASTS
Oncternal Therapeutics +93.38%: Oncternal Therapeutics announces Q3 earnings and reveals it has received Rare Pediatric Disease Designation for TK216 for treatment of Ewing sarcoma
Upwork +40.41%: UPWORK STOCK SURGES 28% AFTER Q3 EARNINGS BEATS ESTIMATES
Gold is having a great day, now up 2.58% at $1,952…
Well, the markets have ignored the election and are continuing to drive higher, despite Trump filing lawsuits against several states. The Trump campaign is to make a major announcement in Las Vegas at 11: ET and his campaign are planning Philadelphia press conference at 10:15 am.
IQ-AI +47.45%: IQ-AI SHARES SURGED 31.1% ON FDA APPROVAL OF ITS LIVER BIOPSY TECH IN THE US
Shares of IQ-AI Ltd (LON: IQAI) have surged 47% today to 18.80p after yesterday’s news that the company received regulatory approval from the US Food & Drug Administration (FDA)
European Metals Holdings +37.69%
Verici Dx +25.37%
FTSE 100 +0.17%
STOXX 50 +0.83%
IBEX 35 +0.92%
CAC 40 +0.77%
-The US presidential race still goes on, although, Biden is still in the lead, while Trump is considering legal action against several states
-APAC equity markets were positive with the Nikkei closing 1.73% higher and the ASX closing at +1.28%
-Jeff Bezos has sold another $3 billion worth of Apple shares
-The BoE has kept interest rates on hold, causing the pound to jump, currently trading at 1.3010. The BoE said it sees UK unemployment at 6.25% in the fourth quarter, down from its August projection of 7.5%.
-On the rest of the economic calendar today we have EZ retail sales, US initial jobless claims, and the Fed’s interest rate decision
-The earnings calendar sees names such as Alibaba, Roku, Square, GM, AstraZeneca, Peloton, Regeneron, Uber, Dropbox, Cloudflare, and Bristol-Myers Squibb reporting.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .